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LIC Housing Finance approves INR 1.225 trillion borrowing budget

March 5, 2025 at 07:01 PM UTCBy FilingReader AI

LIC Housing Finance (BSE: LICHSGFIN) announced the approval of a ₹1.225 trillion borrowing budget for the financial year 2025-26, during its board meeting held on March 5, 2025. This decision, based on the Audit Committee's recommendation, will enable the company to raise funds through various channels, including loans, non-convertible debentures, commercial paper, and external commercial borrowings. The board also recommended the appointment of M/s Shah Gupta & Co. and M/s Batliboi & Purohit as Joint Statutory Auditors for a term spanning until the conclusion of the 39th Annual General Meeting in 2028, subject to eligibility. The meeting, which commenced at 2:30 PM and concluded at 5:50 PM, signifies the company's strategic financial planning and governance updates.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:LICHSGFINBombay Stock Exchange

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